Is there a possibility for the rich to become poor?

[Starmix]

It is indeed possible for a rich person to become poor. Take, for instance, a person who becomes rich by solely investing in stocks. In the event of prolonged poor performance of his stocks, such investor would become poor in a short period of time.

That's one factor to consider It's best to invest small or something one can afford to lose. Even investing in crypto, it's crucial to invest all the savings. There is also no assurance of gaining.

 

[Stardom22]

Becoming rich is very easy for most people but the problem comes in maintaining the riches for sure. Most people fail to maintain riches.

 

[Augusta]

Yes, Rich people often find themselves poor after making bad financial decisions. we just have to be careful of this

 

[Starmix]

There is a big possibility for a rich person to become poor. It was already proven by a research study. To avoid tis from happening to them, they must protect their wealth.

 

[Trush Jodie]

There are people that have gotten rich and with one bad investment, they fall back into poverty. The rich can actually become poor.

 

[Starmix]

There's no doubt about this for it has been proven by many, rich could dive to poverty because of their carelessness and extreme extravagance. What a waste of wealth if not properly managed.

 

[neku]

If the investment is not diversified, and the investment company is a scam, a rich person can lose money. Cybercrime, digital arrest can also make a person poor.

 

[Starmix]

The owner of a famous store in the city became poor. It was his son who made them poor. His son has mental problem. He sold most expensive items at a very low price. All the items were sold in two days and no more seen in the display center. The owner, the father of this mentally sick son, died of a heart attack. His son was brought to the mental hospital.